Global Precision Medicine Market (2019-2027)

The global precision medicine market has benefitted greatly from advancements in the life science industry. Although in its nascent stage, targeted therapies hold high chances of becoming a massive success in the coming years because of the potential to treat and cure chronic illnesses. The market is thus expected to expand at a compound annual growth rate (CAGR) of 11.60% between 2018 and 2023, generating USD 88.25 Bn in revenue by 2023.
Ecosystem player segment insights
Diagnostic companies held the largest share of the market in 2018, contributing to approximately 39% of the global revenues. They are expected to continue dominating the market during the assessment period, owing to the dominant role that precision medicine plays in diagnosing potential diseases. Pharmaceutical companies are next in line to dominate the market, accounting for a market share of 29% in 2018 due to the increasing efforts put in research and development for developing drugs.
Therapeutic segment insights
Among the therapeutic areas of precision medicine, cancer held the largest share of the market by generating almost 33% of the global market revenue in 2018. Development of targeted novel therapies and precision medicines for treating cancer, owing to its increasing prevalence worldwide, will drive its growth in the foreseeable future. Central nervous system (CNS) disorders and infectious diseases held market shares of 20% and 16%, respectively. The precision medicine market for respiratory diseases is foreseen to grow at a very high rate, owing to the growth of diseases such as asthma, chronic obstructive pulmonary disease (COPD), idiopathic pulmonary fibrosis, etc.
Technology segment insights
Pharmacogenomics held the largest market share (24%) in 2018, followed by genomics. The technological and analytical developments in genomics have made it easier to identify and interpret the genetic variation underlying a disease, thereby contributing to the rapid growth of genomics. The market for genomics is also projected to expand at the highest CAGR of 13.67% during 2018-2023. Big data analytics is also expected to show fast growth during the forecast period.
Regional insights
North America leads the global precision medicine market with a share of 43%, followed by Europe with a 26% share. These regions are primarily driven by supportive policies and initiatives by the government, a strong presence of market players, and quick adoption of advanced healthcare technology and practices. Asia-Pacific is expected to emerge as the fastest growing region in this market with the highest CAGR of 13% during the forecast period.


Companies covered
• Abbott Laboratories
• GE Healthcare
• GlaxoSmithKline (GSK)
• Johnson & Johnson
• Pfizer
• Randox Laboratories
• Almac Group
• Novartis AG
• Teva Pharmaceutical industries
• Quest Diagnostics

Customizations available
With the given market data, Netscribes offers customizations according to specific needs. Write to us at [email protected], or connect with us here.

Chapter 1. Executive summary

1.1. Market scope and segmentation
1.2. Key questions answered
1.3. Executive summary

Chapter 2. Global precision medicine market - overview

2.1. Global market overview - historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), geography-wise market revenue (USD Bn), and market attractiveness analysis
2.2. Global market drivers
2.3. Global market trends
2.4. Global market challenges
2.5. Value chain analysis
2.6. Porter's five forces analysis
2.7. Market segmentation based on ecosystem players (pharmaceutical and biotechnology companies, clinical laboratories, diagnostic companies, and healthcare IT/big data companies) - historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), and key market observations
2.8. Market segmentation based on therapeutics (cancer, cardiovascular diseases, central nervous system [CNS] disorders, psychiatric disorders, respiratory diseases, infectious diseases, and others) - historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), and key market observations
2.9. Market segmentation based on technology (big data analytics, bioinformatics, genomics, pharmacogenomics, companion diagnostics, epigenetics, and others) - historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), and key market observations

Chapter 3. North America precision medicine market

3.1. Regional market overview - historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), and key market observations
3.2. Market segmentation based on ecosystem players (pharmaceutical and biotechnology companies, clinical laboratories, diagnostic companies, and healthcare IT/big data companies) - historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), and key market observations
3.3. Market segmentation based on therapeutics (cancer, cardiovascular diseases, central nervous system [CNS] disorders, psychiatric disorders, respiratory diseases, infectious diseases, and others) - historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), and key market observations
3.4. Market segmentation based on technology (big data analytics, bioinformatics, genomics, pharmacogenomics, companion diagnostics, epigenetics, and others) - historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), and key market observations

Chapter 4. Europe precision medicine market

4.1. Regional market overview - historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), and key market observations
4.2. Market segmentation based on ecosystem players (pharmaceutical and biotechnology companies, clinical laboratories, diagnostic companies, and healthcare IT/big data companies) - historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), and key market observations
4.3. Market segmentation based on therapeutics (cancer, cardiovascular diseases, central nervous system [CNS] disorders, psychiatric disorders, respiratory diseases, infectious diseases, and others) - historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), and key market observations
4.4. Market segmentation based on technology (big data analytics, bioinformatics, genomics, pharmacogenomics, companion diagnostics, epigenetics, and others) - historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), and key market observations

Chapter 5. Asia-Pacific precision medicine market

5.1. Regional market overview - historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), and key market observations
5.2. Market segmentation based on ecosystem players (pharmaceutical and biotechnology companies, clinical laboratories, diagnostic companies, and healthcare IT/big data companies) - historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), and key market observations
5.3. Market segmentation based on therapeutics (cancer, cardiovascular diseases, central nervous system [CNS] disorders, psychiatric disorders, respiratory diseases, infectious diseases, and others) - historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), and key market observations
5.4. Market segmentation based on technology (big data analytics, bioinformatics, genomics, pharmacogenomics, companion diagnostics, epigenetics, and others) - historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), and key market observations

Chapter 6. Latin America precision medicine market

6.1. Regional market overview - historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), and key market observations
6.2. Market segmentation based on ecosystem players (pharmaceutical and biotechnology companies, clinical laboratories, diagnostic companies, and healthcare IT/big data companies) - historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), and key market observations
6.3. Market segmentation based on therapeutics (cancer, cardiovascular diseases, central nervous system [CNS] disorders, psychiatric disorders, respiratory diseases, infectious diseases, and others) - historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), and key market observations
6.4. Market segmentation based on technology (big data analytics, bioinformatics, genomics, pharmacogenomics, companion diagnostics, epigenetics, and others) - historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), and key market observations

Chapter 7. The Middle East and Africa precision medicine market

7.1. Regional market overview - historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), and key market observations
7.2. Market segmentation based on ecosystem players (pharmaceutical and biotechnology companies, clinical laboratories, diagnostic companies, and healthcare IT/big data companies) - historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), and key market observations
7.3. Market segmentation based on therapeutics (cancer, cardiovascular diseases, central nervous system [CNS] disorders, psychiatric disorders, respiratory diseases, infectious diseases, and others) - historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), and key market observations
7.4. Market segmentation based on technology (big data analytics, bioinformatics, genomics, pharmacogenomics, companion diagnostics, epigenetics, and others) - historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), and key market observations

Chapter 8. Competitive landscape
8.1. Abbott Laboratories
8.1.a. Company snapshot
8.1.b. Products/services
8.1.c. Major initiatives/highlights
8.1.d. Growth strategy
8.1.e. Key people
8.1.f. Global presence
Note: Similar information areas will be covered for the remaining competitors:
8.2. GE Healthcare
8.3. GlaxoSmithKline
8.4. Johnson & Johnson
8.5. Pfizer
8.6. Randox Laboratories
8.7. Almac Group
8.8. Novartis AG
8.9. Teva Pharmaceutical Industries Ltd.
8.10. Quest Diagnostics

Chapter 9 Conclusion
9.1. Future outlook

Appendix
• List of tables
• Research methodology
• Assumptions
• About Netscribes Inc.

Global Logistics Automation Market (2018-2023) Share, Scope, Revenue, Trends, Drivers, Challenges, Segmentation based on Component (Hardware, Software, Services) End Use Industry (E-commerce and retail, Automotive, Aerospace, Food and beverage, others) and Geography (North America, Asia Pacific, The Middle East and Africa, Europe and Latin America)

Published Date : Oct 2019

In recent years, logistics automation has emerged as a necessity for companies. Changes in customers' preferences are resulting in the expansion of product categories, which makes handling them difficult, given the constraints of existing supply chain practices. Customers' expectations have also inc...

Global Polymethyl Methacrylate (PMMA) Market Research Report 2019-2023

Published Date : Nov 2019

Polymethyl methacrylate is synthetic resin manufactured from polymerization of methyl methacrylate. In the context of China-US trade war and global economic volatility and uncertainty, it will have a big influence on this market. Polymethyl Methacrylate (PMMA) Report by Material, Application, and Ge...

Global Polybutylene Terephthalate Market Research Report 2019-2023

Published Date : Nov 2019

Polybutylene Terephthalate (PBT) is semi-crystalline, white or off-white polyester similar in both composition and properties to polyethyleneterephthalate (PET). In the context of China-US trade war and global economic volatility and uncertainty, it will have a big influence on this market. Polybuty...

Global Recycled Polyethylene Terephthalate (PET) Market Research Report 2019-2023

Published Date : Nov 2019

In the context of China-US trade war and global economic volatility and uncertainty, it will have a big influence on this market. Recycled Polyethylene Terephthalate (PET) Report by Material, Application, and Geography - Global Forecast to 2023 is a professional and comprehensive research report on ...

Global Trimethoprim Market Research Report 2019-2023

Published Date : Nov 2019

Trimethoprim (TMP) is an antibiotic used mainly in the treatment of bladder infections. In the context of China-US trade war and global economic volatility and uncertainty, it will have a big influence on this market. Trimethoprim Report by Material, Application, and Geography - Global Forecast to 2...

Global 2-Methoxyphenol Market Research Report 2019-2023

Published Date : Nov 2019

In the context of China-US trade war and global economic volatility and uncertainty, it will have a big influence on this market. 2-Methoxyphenol Report by Material, Application, and Geography - Global Forecast to 2023 is a professional and comprehensive research report on the world's major regional...

Global N-Phenylacetamide Market Research Report 2019-2023

Published Date : Nov 2019

Acetanilide is also known as N-phenylacetamide, acetanil, and acetanilide and its trade name is Antifebrin. It is widely used in pharmaceutical, dye, and rubber industries. In the context of China-US trade war and global economic volatility and uncertainty, it will have a big influence on this marke...

Global 4-Amino Salicylic Acid Market Research Report 2019-2023

Published Date : Nov 2019

4-Aminosalicylic acid, also known as para-aminosalicylic acid (PAS) is an antibiotic primarily used to treat tuberculosis. In the context of China-US trade war and global economic volatility and uncertainty, it will have a big influence on this market. 4-Amino Salicylic Acid Report by Material, Appl...

Global Aminophenol Market Research Report 2019-2023

Published Date : Nov 2019

In the context of China-US trade war and global economic volatility and uncertainty, it will have a big influence on this market. Aminophenol Report by Material, Application, and Geography - Global Forecast to 2023 is a professional and comprehensive research report on the world's major regional mar...

Global Myocardial Revascularization, Repair, and Regeneration Products and Therapies Market Research Report 2019-2023

Published Date : Nov 2019

In the context of China-US trade war and global economic volatility and uncertainty, it will have a big influence on this market. Myocardial Revascularization, Repair, and Regeneration Products and Therapies Report by Material, Application, and Geography - Global Forecast to 2023 is a professional a...

 

Select License :

  • Single User : $2950

Happy To Assist You

Assist you at Worldwide Market Reports

We will be happy to help you find what you need. Please call us or write to us:

Worldwide Market Reports Benefits

Custom Research Solution

Talk to our research consultant to design an exclusive report as per your research needs.

Customer Fulfilment

We aim to fulfil client's research demands with tailored research solutions.

Quick Turnaround Time Reports

We aim to provide research studies in quickest turnaround time and in a much cost effective manner.

360-degree Approach

We cover each industry from supply and demand side with an aim to provide a most holistic research study.